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CAPROCK Group Inc. lessened its stake in China Life Insurance Company Limited (NYSE:LFC – Get Rating) by 41.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 18,637 shares of the financial services provider’s stock after selling 13,369 shares during the quarter. CAPROCK Group Inc.’s holdings in China Life Insurance were worth $141,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in LFC. Veriti Management LLC grew its position in China Life Insurance by 198.8% during the 1st quarter. Veriti Management LLC now owns 35,528 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 23,639 shares during the last quarter. Fieldpoint Private Securities LLC grew its holdings in shares of China Life Insurance by 16.0% during the first quarter. Fieldpoint Private Securities LLC now owns 11,160 shares of the financial services provider’s stock valued at $85,000 after buying an additional 1,540 shares during the last quarter. West Family Investments Inc. grew its holdings in shares of China Life Insurance by 368.0% during the fourth quarter. West Family Investments Inc. now owns 58,582 shares of the financial services provider’s stock valued at $482,000 after buying an additional 46,064 shares during the last quarter. Freestone Capital Holdings LLC purchased a new position in China Life Insurance in the 4th quarter worth approximately $109,000. Finally, LMR Partners LLP lifted its position in China Life Insurance by 668.2% in the 4th quarter. LMR Partners LLP now owns 330,322 shares of the financial services provider’s stock valued at $2,737,000 after acquiring an additional 287,321 shares in the last quarter. Institutional investors own 8.09% of the company’s stock.
LFC opened at $8.54 on Monday. The company’s 50-day simple moving average is $7.52 and its two-hundred day simple moving average is $8.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 8.91 and a current ratio of 8.91. The stock has a market capitalization of $48.28 billion, a P/E ratio of 6.06, a P/E/G ratio of 0.79 and a beta of 0.87. China Life Insurance Company Limited has a 52-week low of $6.93 and a 52-week high of $10.22.
China Life Insurance (NYSE:LFC – Get Rating) last issued its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $0.43 earnings per share for the quarter. China Life Insurance had a net margin of 6.41% and a return on equity of 11.13%. The company had revenue of $55.22 billion for the quarter. Research analysts forecast that China Life Insurance Company Limited will post 1.23 EPS for the current fiscal year.
The company also recently declared an annual dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, July 7th will be paid a $0.4847 dividend. The ex-dividend date is Wednesday, July 6th. This represents a dividend yield of 4.9%.
Separately, StockNews.com cut China Life Insurance from a “buy” rating to a “hold” rating in a research note on Saturday.
China Life Insurance Profile (Get Rating)
China Life Insurance Company Limited, together with its subsidiaries, operates as a life insurance company in the People’s Republic of China. The company operates in four segments: Life Insurance Business, Health Insurance Business, Accident Insurance Business, and Other Businesses. It offers critical illness protection, annuity, children/women/pension, security, life, medical, and accident protection insurance products.
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